Brokerage are divided on Punjab National Bank shares after the public sector bank reported 57.49 per cent fall in net profit at Rs 306.36 crore for the quarter ended June 30, 2016 against Rs 720.71 crore in the corresponding quarter a year ago.

In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines.

Punjab National Bank (PNB) shares soared as much as 4.47 per cent in morning trade on Thursday after PNB Housing Finance on Tuesday approached Sebi for an initial public offer worth up to Rs 2,500 crore.

Punjab National Bank has reported the highest quarterly loss in the banking history—of R5,300 crore for the quarter ended March. Bank of India (BoI), the country’s third-largest state-run lender by assets, posted a net loss of R6,089 crore for fiscal 2016—the highest by a public sector bank (PSB).

Taking a cue from high delinquencies in the iron and steel sector, state-owned lender Punjab National Bank (PNB) has decided to refrain from lending to the sector till it recovers from the downturn, managing director and CEO Usha Ananthasubramanian said on Tuesday.

A week after reporting the worst set of numbers in the nation’s banking history with a net loss of Rs 5,367 crore for the March quarter, Punjab National Bank today said it will be cautious on troubled sectors like steel till a lasting solution is found.

Punjab National Bank (PNB) posted the worst ever quarterly loss in India’s banking history after over R15,000 crore of restructured loans slipped into the non-performing asset (NPA) category in the March 2016 quarter following the central bank’s asset quality review (AQR).

New Delhi-based auto component supplier Sandhar Technologies IPO to raise up to Rs 512 crore opens for subscription today. We take a closer look at four key details, and what brokerages have to say about the issue.

The recovery in India’s rural economy is likely to curb bad loans and boost profit at financial companies that specialize in credit to the country’s villages, according to one of the biggest such lenders.